Hoerbiger Has Acquired IEP Technologies

  Enquire / contact me

The acquisition is an excellent investment to strategically strengthen the business model and expand the portfolio

Hoerbiger Has Acquired IEP Technologies
Hoerbiger Has Acquired IEP Technologies

Hoerbiger is a worldwide leading provider of performance-defining components and systems for the oil, gas, and process industries, the automotive industry, and the mechanical and plant engineering field. Safety and explosion protection are attractive growth markets with large potential which ideally complement Hoerbiger's core business. Even today, the Group offers a wide range of safety-related products and services. For decades, the company has been an innovation and technology leader for explosion protection and check valves for oil, gas, carbon black and dust applications in the mechanical and plant engineering industry.

IEP Technologies operates internationally through locations in Marlborough in the United States, Ratingen in Germany, Olten in Switzerland, Paris in France, Izmir in Turkey, and Cheltenham in the United Kingdom and is a leading provider of explosion protection systems and services. The company is in particular market leader for explosion mitigation systems in process plants. An unrivaled global service network ensures that explosion protection equipment is always operational and effective.

Hoerbiger is acquiring IEP Technologies from Sentinel Capital Partners, a private equity firm that created the company through a complex carve-out of the industrial explosion protection businesses of UTC Climate, Controls & Security, a unit of United Technologies Corp.. Under Sentinel's ownership, IEP Technologies' four legacy brands, each operating in its own geographic market, were combined to form a unified, global leader in the industrial explosion protection industry. Previously, the investment firm had effectively strengthened the core competencies of IEP Technologies. Authorities and other institutions engaged in safety and explosion protection also draw on IEP Technologies' subject matter expertise and know-how in the development of national and international standards.

IEP Technologies has consolidated experience of more than 50 years in safety and explosion protection technology. Extensive research and development projects, in particular as they relate to computer-assisted calculation and simulation of explosion processes as well as the development of tailor-made solutions for the detection and mitigation of explosions in industrial process equipment, have established the company as a leader in this highly specialized and financially extremely attractive niche market. This leadership position is also evidenced in the high number of cases where destruction of the protected plant part was reliably prevented.

"The acquisition of IEP Technologies is an excellent investment for our company to strategically strengthen our business model and expand our portfolio", commented Dr. Martin Komischke, CEO and Chairman of the Executive Board of Hoerbiger Holding AG. "We feel that safety and explosion protection technology hold outstanding development potential. The innovative strength and knowledge of IEP Technologies will allow us to tap valuable synergies for our core business and core competencies. At the same time, we will strengthen our leading role as a developer and global provider of performance-defining, and increasingly safety-defining, components and services for the oil, gas, and process industries, the automotive industry, and mechanical and plant engineering field."

"Sentinel was an excellent partner for IEP and its support has positioned our company for the next phase of growth", said Randy Davis, CEO of IEP Technologies. "Under the umbrella of the Hoerbiger Group, which over the course of decades has acquired an outstanding reputation as an innovation and technology leader in the oil, gas, and process industries as well as the mechanical and plant engineering field, we will have exceptional opportunities to advance our successful growth strategy long-term. We are proud to join the team and become the Hoerbiger Safety Solutions company. Together we will significantly enhance our position as a global market leader in industrial explosion protection. With our advanced technology, we protect our customer's employees, facilities and the environment from the devastating effects of industrial explosions."

Posted on September 1, 2015 - (1094 views)
by
Related articles
Intelliconnect at Electronica 2018
Verigo Model PB3 Reusable Temperature Data Logger
Fischer Shows its Connectivity Solutions at Electronica
Advancing the Expansion of the Grid
Getting Started with the Industry 4.0 Journey
Positioning with Large Reading Window
Industrial Humidity Transmitter EE23
All Levels of Digital Integration
Data Highway for the Internet of Things
High-Pressure Flowmeter Measures Liquid Refrigerants
New JD Mini for Maximum Efficiency
Sensing Innovation in Process and Control
Connect Everything with e-Factory
System-based High Precision Linkages
Ultrasonic Flowmeter for Air
Reflowable Thermal Switch
Mobile, Multi-protocol Diagnostics Mercury
Microscope Optics for IR cameras
Level Switches RFS-9 and RFS-12
Digital Multimeter, Gas Soldering Iron and Carrying Case
Verigo Model PB3 Reusable Temperature Data Logger
Compact Power Modules
Modular Compact CPU Board
Absolute Modular Encoders
Connector for Data Transmission
Mass Flow Controller FMA-2600A Series
High-Performance Box PC
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Verigo Model PB3 Reusable Temperature Data Logger
Ultrasonic Flowmeter for Laboratory
Co-Creating the Industry of the Future
Ultra-Low Power Accelerometer for IoT
New JD Mini for Maximum Efficiency
Bonfiglioli BSR Synchronous Reluctance Motors
Reflowable Thermal Switch
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air